Oireachtas Joint and Select Committees
Wednesday, 29 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Alan Merriman:
Again, it failed ... it failed for a variety of reasons but essentially it was because ... and, again ... look, it goes back to wholesale funding. When problems became evident in the Irish market, you know, if you're sitting in the UK in your building society in the UK or your local authority in the UK, you're going to very reluctant to engage in the Irish market.
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